The Global Board Governance Survey, conducted by Oppose, BoardProspects, and Broadridge Financial Solutions, Inc., highlighted the importance of organizational resilience and accountability for performance in governance best practices. The study gathered insights from over 1,000 board members and C-suite executives from organizations worldwide, revealing a misalignment in views on various critical issues.
While both the board and C-suite share common goals and purposes, there are differences in how they perceive the best approaches to achieve them. Addressing challenges such as an uncertain macroeconomic environment, global talent wars, cyber threats, and the emergence of generative AI requires a unified effort from directors and management teams.
The study identified areas where the board and C-suite diverge, especially in terms of assessing performance and addressing specific business risks. It also highlighted the top organizational threats facing companies and the perceived gaps in the board’s readiness to tackle them.
To bridge these gaps and enhance board governance and performance, certain actions can be taken by boards and management teams. These include focusing on crisis management, cybersecurity, and organizational resilience, establishing mutual accountability to improve director engagement, and addressing obstacles to organizational growth.
“Views on Board Governance – Where Directors and C-Suite Leaders Align and Diverge” from Protiviti, Broadridge, and BoardProspects is a valuable resource that provides in-depth insights into the survey findings. Additionally, a global webinar series will kick off on March 19, 2024, featuring a panel discussion on the study’s results.
Protiviti, a global consulting firm, is committed to delivering objective insights and tailored solutions to help leaders navigate the future with confidence. As a recognized leader in the industry, Protiviti has a proven track record of serving Fortune 100 and Fortune 500 companies.
Broadridge Financial Solutions, a global Fintech leader, provides critical infrastructure for investing, corporate governance, and communications, enabling better financial lives. With a strong focus on technology-driven solutions, Broadridge serves as a global communications hub linking public companies and investors worldwide.
BoardProspects is the premier board recruitment solution for public and private companies, offering a platform to identify, assess, and recruit board members from a prestigious community of experienced professionals. In 2023, over 395 corporate board seats were filled through the BoardProspects platform.
By implementing corporate governance best practices, fostering organizational resilience, and promoting mutual accountability, boards and management teams can work together effectively to navigate the complex challenges of the business landscape. The Global Board Governance Survey serves as a valuable tool in understanding and addressing the evolving governance landscape.
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